There’s Money To Be Made In Cannabis Product Liability

Recreational cannabis is now legal in eight states across the US. The pot industry is expanding rapidly and so are its risks and insurance coverage needs. At a core level, covering the marijuana industry is no different to any other production or manufacturing industry, according to Jaime Lewis, founder and CEO of Mountain Medicine and acting board chair of the National Cannabis Industry Association. “Standard insurance is required for managing a marijuana business. You need general liability, workers’ compensation, D&O, E&O, equipment insurance and so on,” Lewis told Insurance Business. “The one tricky piece of coverage is the product liability.